TSMC: 3 Reasons To Buy This Semiconductor Play
TSMTSMC(TSM) Seeking Alpha·2024-06-21 11:11

MF3d Taiwan Semiconductor Manufacturing Company (NYSE:TSM) just reached a new 1-year high on optimism that the chip company can back up its valuation with consistent top line growth. Taiwan Semiconductor Manufacturing's first fiscal quarter results also showed considerable promise in this regard. The chipmaker also achieved sequential market share growth in its core business and is seeing its free cash flows growing much faster than its revenues. As a result, TSMC is on a free cash flow upswing and set to F ...